As your business manager we focus on the organising, planning and analysis of your business activities that you need to efficiently manage and run your business.
Business management focuses on the organising, planning and analysing of business activities that are required to efficiently manage and run a business.
Financial management is strategically planning how a business should earn and spend money. This includes decisions about raising capital, borrowing money and budgeting. Financial management also involves setting financial goals and analysing data.
What is Business Management?
Why is Business Management important?
Why do you need your Business Management done by Digital CFO™?
How do you assess the Business Management needs?
We can take over the major responsibility of managing administrative tasks for your business. Everything from your marketing program to you operational process.
Small Business Management solutions tailored to your business needs, offered in Sandton, Bryanston, Johannesburg, Heidelberg and across South Africa
We streamline and analyze what you need to do to run a lean digitised company. Our main focus is to start with a budget analysis in order to find out ways that your company can cut costs.
With our astute understanding of accounting, marketing and administrative/operational procedures and how to digitize them, we offer a custom solution, no matter your industry.
We do a quick consultation on what your needs are in terms of an accounting partner. Or we can do a short analysis of your business and help you establish your needs.
We suggest an implementation plan & solutions that suit your industry and business model. We offer you a blueprint when you onboard on how your business could run as effectively as possible.
Ons as besigheids eienaars is almal in ’n paniek oor die COVID-19 uitbraak. Ons is bekommerd oor hoe ons huishoudings gaan aanhou funksioneer in die geval van die stilstand van die ekonomie. Ons huishouding strek verder as net ons vier mure, dit is elke persoon wat vir ons werk en elke mond wat daardie persoon moet kos gee.
If your business qualifies as a Small Business Corporation, there are major tax benefits in the form of reduced tax rates and accelerated depreciation on productive assets which allows your company to depreciate its assets at an accelerated rate compared to other businesses.
Accounting is the interpretation and presentation of that data to business owners and investors.
Accounting typically consists of:
financial statements and reports
budgets
tax returns
analysing business performance
Bookkeeping focuses on recording and organising financial data. Bookkeepers working for smaller businesses might do some basic accounting duties.
Bookkeeping typically consists of:
payroll
invoicing
receipts and bills
recording business transactions
A budget is an estimation of income and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
And Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends.
Business management focuses on the organising, planning and analysing of business activities that are required to efficiently manage and run a business.
Financial management is strategically planning how a business should earn and spend money. This includes decisions about raising capital, borrowing money and budgeting. Financial management also involves setting financial goals and analysing data.
A debt collector is a company or agency that is in the business of recovering money owed on delinquent accounts.
A financial statement is a report that shows the financial activities and performance of a business.
There are four main types of financial statement:
Balance sheet: a snapshot of your business’s financial condition at a single point in time, such as 31/12/2016. Shows your business assets, liabilities and owner’s equity at that time.
Profit and loss statement: also called an income statement. Shows your business’s revenues, costs and expenses over a period of time, such as 1/1/2016 to 31/12/2016.
Cash flow statement: also called a statement of cash flows. Shows changes to the cash coming into and out of your business over a period of time. Only records cash (not all income). Shows whether you can cover short term expenses like bills and payroll.
Statement of changes in equity: also called a statement of retained earnings. Shows changes in the equity of your business for a set time period. In other words, changes in how much money your business keeps (rather than pays out to shareholders).
Combined, these statements provide a good view of the financial health of your business.
Payroll is the compensation a business must pay to its employees for a set period or on a given date.
Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional or national.
A compliance officer is an employee of a company that ensures the firm is in compliance with its outside regulatory and legal requirements as well as internal policies and bylaws.
